Binance Sees $1.35B Retail Sell-Off as Trump’s Tariffs Trigger Panic in Crypto

A 100% tariff imposed by U.S. President Donald Trump on Chinese imports triggered a record $19 billion crypto liquidation event, leading to Bitcoin dropping below $111,000. On October 11th, retail investors rapidly dumped over $1.359 billion into Binance, signaling significant market unrest. CryptoQuant, an analytics firm, points out that these panic-driven movements have historically preceded strong price rebounds in the crypto market.